Technical Outlook for Euro ,Yen ,Sterling – -Umesh Shanmugam
Euro: After spending most of the month below the technically important $1.28 area, the euro jumped back above last week. A rounded bottom has been carved out and the $1.2840 area should now offer support. On the upside, the next test of the bulls’ resolve will be in the $1.3000-30 area. The potential downtrend drawn …